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SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D (Amendment No. 1)
Under the Securities Exchange Act of 1934
Florida East Coast Industries Inc.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, NO PAR VALUE
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
340632108
- --------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
William E. Donnelly, Esq.
McGuire, Woods, Battle & Boothe, LLP
Washington Square
1050 Connecticut Avenue, N.W.
Suite 1200
Washington, D.C. 20036
(202) 857-1735
- --------------------------------------------------------------------------------
(NAME, ADDRESS, TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS)
September 30, 1999
- --------------------------------------------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS AMENDMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and if filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. / /
2
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1. NAME OF REPORTING PERSON
SWAMP HALL PROPERTIES, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
51-0385980
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-0-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%
14. TYPE OF REPORTING PERSON
PN
3
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1. NAME OF REPORTING PERSON
Alfred I. duPont Testamentary Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
59-0226560
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-19,609,216-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-19,609,216-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-19,609,216-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.94%
14. TYPE OF REPORTING PERSON
OO
4
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1. NAME OF REPORTING PERSON
The Nemours Foundation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
59-0634433
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-1,800,896-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-1,800,896-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-1,800,896-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-1,800,896-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-1,800,896-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.95%
14. TYPE OF REPORTING PERSON
OO
5
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1. NAME OF REPORTING PERSON
Winfred L. Thornton
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-2,236-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-2,236-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,412,348-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.9%
14. TYPE OF REPORTING PERSON
IN
6
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1. NAME OF REPORTING PERSON
Jacob C. Belin
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,410,112-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.89%
14. TYPE OF REPORTING PERSON
IN
7
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1. NAME OF REPORTING PERSON
Hugh M. Durden
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,410,112-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.89%
14. TYPE OF REPORTING PERSON
IN
8
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1. NAME OF REPORTING PERSON
John F. Porter, III
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,410,112-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.89%
14. TYPE OF REPORTING PERSON
IN
9
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1. NAME OF REPORTING PERSON
William T. Thompson III
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,410,112-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.89%
14. TYPE OF REPORTING PERSON
IN
10
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1. NAME OF REPORTING PERSON
Herbert H. Peyton
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) /X /
3. SEC USE ONLY
4. SOURCE OF FUNDS
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER
-0-
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER
-21,410,112-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER
-0-
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER
-21,410,112-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-21,410,112-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.89%
14. TYPE OF REPORTING PERSON
IN
11
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Item 1. Security and Issuer
This amendment No.1 to Schedule 13D (the "Amendment") relates to the shares
of common stock, no par value ("Common Stock"), of Florida East Coast
Industries, a Florida corporation (the "Issuer"). The address of the Issuer's
principal executive office is One Malaga Street, St. Augustine, FL 32085.
Item 2. Identity and Background
a-c. This Amendment is filed on behalf of Swamp Hall Properties, L.P., a
Delaware Limited Partnership (the "Partnership"), and certain entities and
persons who are or may deemed to be in control of the Partnership. The
Partnership's principal business is to hold debt or equity securities of all
types. The business address of the Partnership is 1600 Rockland Road,
Wilmington, Delaware 19803.
The general partner of the Partnership is the Rockland Company, a Delaware
Corporation (the "General Partner".) The principal business of the General
Partner is to exercise the powers and perform the duties of the general partner
of the Partnership. All of the outstanding stock in the General Partner is owned
by the Alfred I. duPont Testamentary Trust (the "Trust"). In addition, the Trust
is the sole limited partner of the Partnership.
The Trustees of the Trust are J.C. Belin, Herbert Peyton, John Porter, W.T.
Thompson, III, W.L. Thornton and Hugh M. Durden on behalf of Wachovia Bank,
N.A., a subsidiary of Wachovia Corporation, as Corporate Trustee (collectively,
the "Trustees"). A majority of the Trustees have the power to elect the
directors of the General Partner. In addition, the Trustees constitute the
entire Board of Directors of The Nemours Foundation (the "Foundation") and
therefore, have voting and dispositive power over the shares of the Issuer held
of record by the Foundation. J.C Belin and W.L. Thornton are also Directors of
the Issuer.
d. During the past five years, neither the Partnership, the General
Partner, the Trust, the Trustees nor the Foundation have been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
e. During the past five years, neither the Partnership, the General
Partner, the Trust, the Trustees nor the Foundation have been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or a finding of any violation with
respect to such laws.
f. All of the Trustees are citizens of the United States.
Item 5. Interest in Securities of the Issuer
a-c. As September 30, 1999, the Partnership, as part of a liquidating
distribution, distributed to the Trust 49,643,292 shares of the common
stock of The St. Joe Company (the "Parent"), representing 57.01% of
the common stock of the Parent. As a result of this transaction, the
Trust directly and beneficially owns 49,643,492 shares of common stock
of the Parent. 19,609,216 shares, representing 53.94% of the Common
Stock of the Issuer, is owned by
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the Parent. As a result of this transaction, the Trust and the
Trustees may be deemed to be each the beneficial owner of 19,609,216
shares of Common Stock of the Issuer. As of such date, the Foundation
directly and beneficially owned 1,800,896 shares of the Common Stock
of the Issuer, which represented 4.95% of the outstanding Common Stock
of the Issuer. The Trustees, by virtue their status as trustees of the
Trust and as directors of the Foundation, may be deemed to have
indirect beneficial ownership of the shares of Common Stock owned by
the Foundation and the Parent. In addition, as of such date, W.T.
Thornton, a Trustee, directly and beneficially owned 2,236 shares of
Common Stock of the Issuer. Neither the Partnership, the Trust, the
Trustees nor the Foundation has effected any other transaction in
neither the Parent's common stock nor the Issuer's Common Stock within
the past 60 days.
d. No person or entity other than the Parent has the right to receive, or
the power to direct the receipt of, dividends from, or the proceeds from the
sale of, the shares of the Issuer's Common Stock owned by the Parent.
e. Not applicable.
13
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Amendment to Schedule 13D is true, complete and correct.
Swamp Hall Properties, L.P.
By:/s/John F. Porter, III
---------------------------------
John F. Porter, III, President of
The Rockland Company, the managing general partner of
Swamp Hall Properties, L.P.
(Duly Authorized Representative)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ Winfred L. Thornton
---------------------------
(Signature)
Winfred L. Thornton
---------------------------
(Name)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ Jacob C. Belin
---------------------------
(Signature)
Jacob C. Belin
---------------------------
(Name)
14
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ William T. Thompson III
---------------------------
(Signature)
William T. Thompson III
---------------------------
(Name)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ Hugh M. Durden
---------------------------
(Signature)
Hugh M. Durden
---------------------------
(Name)
15
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ John F. Porter III
---------------------------
(Signature)
John F. Porter III
---------------------------
(Name)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
---------------------------
(Date)
/s/ Herbert H. Peyton
---------------------------
(Signature)
Herbert H. Peyton
---------------------------
(Name)
16
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
-------------------------------------
(Date)
Alfred I. duPont Testamentary Trust
------------------------------------
(Name of Trust)
/s/ Winfred L. Thornton
------------------------------------
(Signature)
Winfred L. Thornton
------------------------------------
(Name)
Chairman
------------------------------------
(Title)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment to Schedule 13D is
true, complete and correct.
October 27, 1999
-------------------------------------
(Date)
The Nemours Foundation
------------------------------------
(Name of Foundation)
/s/ Jacob C. Belin
------------------------------------
(Signature)
Jacob C. Belin
------------------------------------
(Name)
Chairman
------------------------------------
(Title)
Date: October 27, 1999
17
